Tuesday, November 08, 2011

Berlusconi & Austerity - Eurozone Crisis

BBC News: Reports that the Italian Parliament has passed the austerity package of PM Berlusconi, by 308 votes, with the Opposition not voting and Government MPs deserting the PM, this made 321. The Coalition Government lost its overall majority in the Italian Parliament. Thus the calls for the head of PM Berlusconi, the question will he resign or will he bluff it out, this blog is going for the bluff, one can not see the Government MPs voting for a No Confidence, this would be turkeys voting for Christmas, more crisis episodes from Rome Folks, PM Berlusconi didn’t become a billionaire by walking away at the first sign of a crisis, also the EU cant afford to allow Italy to go down the toilet, the EU could never bailout Italy, to big folks.

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